Braintree / Massachusetts / United States
Federal Deposit Insurance Corporation is an independent agency of the federal government that insures deposits in banks and thrift institutions. Established in 1933, the agency examines and supervises more than 5,250 banks and financial institutions. With a work force of over 4,500 employees, it develops and implements public policies and identifies risks in the nation s financial system. The agency assists closing institutions and provides liquidation accounting services. Federal Deposit Insurance Corporation also ensures compliance with fair credit and conducts research on topics relevant to the condition of the banking industry, bank regulation and deposit insurance. The agency examines the adequacy of internal controls and analyzes Internet-related risks. It additionally offers consumer protection services. Headquartered in Washington, D.C., Federal Deposit Insurance Corporation maintains an office in Braintree, Mass.
